June 1, 2025
In an age of cutting-edge medical science, how do the world's largest pharmaceutical companies stifle innovation in order to juice profits and remain competitive in the international markets? The answer, Jia Liu writes, can be found in the concept of monopoly capitalism. This brand of "intellectual monopoly capitalism," she notes, contributes to "a logic of expropriation and rent-seeking," leading in turn to "closed science and declining medical innovation."
May 1, 2025
In this contribution to the further development of socialism with Chinese characteristics Cheng Enfu and Yang Jun offer their "Theory of Triple Revolution," enumerating the historical stages of the Chinese Revolution and analyzing its current trajectory. A complete revolutionary view of Marxism in China, they conclude, "will advance the spirit of the revolution to its completion….[moving] forward along the correct track of Marxism, such that a powerful revolutionary vision will open up before us."
April 1, 2025
John Bellamy Foster revisits and critiques the contention that the U.S. capitalist class is not a "governing" class, or indeed a class-conscious bloc in any sense. However, he writes, the fact that the ruling-class oligarchy is now openly wielding power on the national and international stages as part of the Trump regime shows that the overwhelming political influence of the capitalist class is no longer in dispute as this alignment pushes the country deeper into neofascism.
March 1, 2025
The editors analyze recent shift in mainstream discourse away from the goal of energy transition toward capitalist friendly policies that allow corporations to receive large subsidies for inadequate "solutions." Despite the scientific consensus that these are insufficient to tackle the planetary crisis, capital and its advocates continue to promote the abandonment of the energy transition in the effort to maintain U.S. imperial dominance and feed its hunger for fossil fuels.
March 1, 2025
In this excerpt from Ellen Meiksins Wood's
In Defense of History, Wood appraises the state of postmodern thought in the late twentieth century. "Today's postmodernism," Wood writes, "for all of its apparently defeatist pessimism, is still rooted in the 'Golden Age of Capitalism.' It's time to leave that legacy behind and face today's realities."
March 1, 2025
Torkil Lauesen delves into the legacy of celebrated Arghiri Emmanuel, whose theory of unequal exchange resonates well into the twenty-first century. Introduced in 1962, Emmanuel's critique of Ricardian and neoliberal capitalism further illuminated the Marxist concept value as it relates to global exchange and the ongoing exploitation of the Global South by the Global North.
March 1, 2025
A classic poem by Adrienne Rich, reprinted.
February 1, 2025
The editors recall the life and accomplishments of Amiya Kumar Bagchi, a leading light among contemporary Marxist political economists. Bagchi's insights challenged prevailing Eurocentric ideas about economic history while providing a path forward through a collective, united, anti-imperialist resistance.
January 1, 2025
Craig Medlen draws on decades of data to reveal how the creeping stagnation of the past half-century has led to the increasing consolidation of corporate monopoly power and concentration of firms by way of mergers and, importantly, the free cash that funds them. This stunning rise in free cash, fueled in part by government deficits, starkly reveals how the ruling class continues to enrich themselves and strengthen their position on the top of the economic heap.
January 1, 2025
In this interview with Claudia Antunes of Brazilian magazine Sumaúma, Ian Angus takes stock of our current planetary crisis, from its origins in Marx's ecological thought and the present debate over its designation to the future of human civilization as we know it. "The key question is," he concludes, "Are we going to see large number of people moving for change?"
